Ramirez Company made the following payments related to a land acquisition:
Purchase price $\quad $ $\quad $ $\quad $ $\quad $ $7,500
Past due taxes $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ 650
Title search $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $275
Cost of razing old building $\quad $ 1300
Interest incurred after productive operations had begun) $\quad $160
Proceeds from salvage of old building $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $1875
What is the capitalizable cost of the land?

Question

Ramirez Company made the following payments related to a land acquisition: 
Purchase price $\quad $ $\quad $ $\quad $ $\quad $ $7,500
Past due taxes $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ 650
Title search  $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $275
Cost of razing old building $\quad $ 1300
Interest incurred after productive operations had begun)  $\quad $160
Proceeds from salvage of old building  $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $1875
What is the capitalizable cost of the land?

Quizplus · Accepted Answer

The Answer of Ramirez Company made the following payments related to a land acquisition: 
Purchase price $\quad $ $\quad $ $\quad $ $\quad $ $7,500
Past due taxes $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ 650
Title search  $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $275
Cost of razing old building $\quad $ 1300
Interest incurred after productive operations had begun)  $\quad $160
Proceeds from salvage of old building  $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $1875
What is the capitalizable cost of the land?

Ramirez Company Made the Following Payments Related to a Land \quad

Ramirez Company Made the Following Payments Related to a Land $\quad$